Your email has been sent.
534 Homan Ave
Park Forest, IL 60466
3290 Lincoln Hwy · Land For Sale
·
4.37 AC
Investment Highlights
- Adjacent to Metra Electric Line’s 211th Street Station with service to downtown Chicago
- 2.25 miles to I-57 via US Highway 30
- Cook County Class 8 and Enterprise Zone benefits available
- Approximately 700 daily riders
- Pace Suburban Bus Route 362 with covered stop on-site
- Mixed-use, residential, or commercial development aligned with TOD vision
Executive Summary
Property Facts
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 4.37 AC |
| Property Type | Land | Parcel Number | 31-23-412-038-0000 |
| Property Subtype | Commercial | ||
| Zoning | R-1 and C-2 | ||
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 4.37 AC |
| Zoning | R-1 and C-2 |
| Parcel Number | 31-23-412-038-0000 |
1 Lot Available
Lot
| Price | $646,906 CAD | Lot Size | 4.37 AC |
| Price Per AC | $148,033.43 CAD |
| Price | $646,906 CAD |
| Price Per AC | $148,033.43 CAD |
| Lot Size | 4.37 AC |
Former Metra Commuter parking lot for the Metra Electric Line. Located on Lincoln Hwy 2.25 miles from I-57.
Description
3290 Lincoln Highway presents a prime development opportunity in Park Forest, IL, strategically located adjacent to the Metra Electric Line’s 211th Street Station. This transit-oriented site benefits from strong commuter traffic, with approximately 700 daily riders and direct service to Millennium Station in downtown Chicago. The property offers excellent regional connectivity, situated just 2.25 miles from I-57 via US Highway 30, and is supported by additional public transportation through a covered Pace Suburban Bus stop serving Route 362. Access is convenient from multiple directions, including Indiana Street and Lincoln Highway from the west, north, and east, and Homan Avenue from the south. The site is ideal for mixed-use or commercial development, with potential incentives such as Cook County Class 8 Economic Development benefits and Enterprise Zone advantages for qualifying projects. Sales price adjustments may be available for developments consistent with the municipality’s vision for high-quality, transit-oriented construction.
